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Show IV. PART TWO OF THE WATER STUDY The second part of the Utah Water Study was motivated by two major problems: ( 1) What will be Utah's demand for water at some future time, specifically 1975? ( 2) What will be the distribution of this demand among the various industry sectors? As with the first part of this study, the 1963- based Utah Input- OutputTable was the major tool. In order to project changes in economic activity in the processing sectors, final demand changes were, of necessity, independently projected. Final Demand includes Government ( State and Local, Federal Defense and Federal Non- defense), Capital Formation, Inventory Accumulation and Exports ( to federal defense and non- defense, to foreign countries, to the Western States, and to the rest of the United States). In addition to these, household demand can be considered as part of Final Demand; alternatively the Household sector may be treated as endogenous, a processing sector similar to other Utah industries. There are reasonable arguments for treating it either way. Since household income and consumption are major components of the economic picture, both approaches were used. With the exception of change in inventory accumulation, which was assumed to be zero, all of the final demand vectors-^ were projected 19K ( Di, D2, . . ., Pn) is a final demand vector for 1963, for 1975, it will be characterized by ( Di + dDi, D2 + dD2, . . ., Dn + dDn), where dDj represent the projected changes in final demand Di. |
